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TickerASPI
SectorChemicals
Mkt cap$447M
EV / EBITDAN/A
PostureHigh Velocity
Composite70/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1921865

ASP Isotopes Inc.

ASPIHIGH VELOCITYFILING INTENSITY

ASP Isotopes Inc. reads as an High Velocity (composite 70/100); Selective Buyer deploying $100K across 0 disclosed transactions, newly disclosed vs the prior cycle · primary market Chemicals & Materials.

Lens

Disclosed M&A capital (2023–2025)

$100K

new

vs N/A in 2020–2022

Disclosed transactions

N/A

−99%

1/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$24M
EBITDAN/A
Enterprise value$377M
EV / Revenue15.8×
EV / EBITDAN/A
P/EN/A
Cash$286M
Total debt$14M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

6/100

Companies actively deploying disclosed capital into M&A

  • $100K disclosed buyer spend

Buyer Cadence

31/100

Buyer-side companies with recent filing activity

  • Filed within 34d
  • 101 8-Ks

Target Probability

4/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

14/100

Issuers facing activism, governance, or control pressure

Distress Watch

26/100

Issuers showing financial-distress filing patterns

  • 10-Q 202d stale

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 101 8-Ks
  • 4 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $378M
  • 10-Q 202d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    33%
  • Technology Acquisition
    33%
  • Geographic Expansion
    33%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • platform
  • geographic_expansion
  • horizontal_consolidation
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

acquisition of PET Labs Pharmaceuticals was intended to accelerate the distribution of the Company’s pipeline

10-KFY2024

entered into the downstream radiopharmacy market that we intend to service in the future

10-KFY2024

The acquisition is intended to accelerate the distribution of the Company’s pipeline.

10-KFY2025

The acquisition is intended to supplement the distribution of the Company’s pipeline.

10-KFY2025
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Chemicals & Materials

Market spend (2023–2025)
$85.8B
Market spend (2020–2022)
$80.5B
Recent vs prior
+7%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

N/AEV / EBITDA

ASPI trades at a -18.3-turn discount to the Chemicals & Materials peer median of 15.9×.

EV / Revenue
15.8×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
15.9×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
24.5×4.9×2.3×$16.5B$2.1B
15.9×5.2×0.0×$8.1B$2.3B
13.4×2.4×0.3×$10.8BN/A

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Chemicals & Materials. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)82026-04-30
  • 10-Q (quarterly)102025-11-19
  • 8-K (event)1012026-05-06
  • Proxy / DEF 14A32025-11-25
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

ASP Isotopes Inc.: Issuer Brief | SE-Cluster